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CARMICHAELS, Pa. (AP) — CARMICHAELS, Pa. (AP) — CB Financial Services Inc. (CBFV) on Wednesday reported fourth-quarter profit of $2.5 million.
The Carmichaels, Pennsylvania-based bank said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring gains, came to 35 cents per share.
The holding company for Pennsylvania-based Community Bank posted revenue of $21.1 million in the period. Its revenue net of interest expense was $13.2 million, exceeding Street forecasts.
For the year, the company reported profit of $12.6 million, or $2.38 per share. Revenue was reported as $51.6 million.
CB Financial Services shares have risen slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.26, a rise of 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBFV at https://www.zacks.com/ap/CBFV